Militarization of the Arctic
Videocon Industries, MIRC Electronics in demand
Videocon Industries and MIRC Electronics rose by 1.58% to 4.95% at 10:06 IST on BSE after the government banned duty-free import of flat screen television by air travelers in its latest effort to narrow the country's current-account deficit.
MIRC Electronics (up 4.95%) and Videocon Industries (up 1.58%), edged higher.
The BSE Sensex was down 213.39 points, or 1.17% at 18,094.13.
MIRC Electronics had underperformed the market over the past one month till 19 August 2013, sliding 28.57% compared with the Sensex's 9.14% decline. The scrip had also underperformed the market in past one quarter, falling 28.99% as against Sensex's 9.75% faad also underperformed the market in past one quarter, sliding 19.91% as against Sensex's 9.75% fall.
The government on Monday, 19 August 2013, decided to disallow the import of flat panel (LCD/LED/Plasma) televisions as part of free baggage allowance with effect from 26 August 2013.
Currently, air travelers can bring a flat screen television for personal use without paying any duty.
In effect, come 26 August 2013, travelers bringing in LCD/LED/Plasma TV as part of baggage will have to pay customs duty at 35% plus an education cess of 3% to take the total import duty to 36.05%.
At 10:09 IST, the partially convertible rupee was trading at 63.79 per dollar, after hitting a record low of 64.11 per dollar earlier today. http://www.business-standard.com/article/news-cm/videocon-industries-mirc-electronics-in-demand-113082000151_1.html WHAT TO INCLUDE: 1. Introduction: shouldn’t exceed 100 words (a) summary of the article along with at least 2 economic terms involved(demand, supply, elasticity, equilibrium price) (b) define at least 2 terms 2. Analysis: 250 words (a) Causes of the change in the respective topic; write all possible causes, whether mentioned in the article or not. (b) Address the problem. (c) Make a suitable diagram of the problem. (d)
Videocon Industries and MIRC Electronics rose by 1.58% to 4.95% at 10:06 IST on BSE after the government banned duty-free import of flat screen television by air travelers in its latest effort to narrow the country's current-account deficit.
MIRC Electronics (up 4.95%) and Videocon Industries (up 1.58%), edged higher.
The BSE Sensex was down 213.39 points, or 1.17% at 18,094.13.
MIRC Electronics had underperformed the market over the past one month till 19 August 2013, sliding 28.57% compared with the Sensex's 9.14% decline. The scrip had also underperformed the market in past one quarter, falling 28.99% as against Sensex's 9.75% faad also underperformed the market in past one quarter, sliding 19.91% as against Sensex's 9.75% fall.
The government on Monday, 19 August 2013, decided to disallow the import of flat panel (LCD/LED/Plasma) televisions as part of free baggage allowance with effect from 26 August 2013.
Currently, air travelers can bring a flat screen television for personal use without paying any duty.
In effect, come 26 August 2013, travelers bringing in LCD/LED/Plasma TV as part of baggage will have to pay customs duty at 35% plus an education cess of 3% to take the total import duty to 36.05%.
At 10:09 IST, the partially convertible rupee was trading at 63.79 per dollar, after hitting a record low of 64.11 per dollar earlier today. http://www.business-standard.com/article/news-cm/videocon-industries-mirc-electronics-in-demand-113082000151_1.html WHAT TO INCLUDE: 1. Introduction: shouldn’t exceed 100 words (a) summary of the article along with at least 2 economic terms involved(demand, supply, elasticity, equilibrium price) (b) define at least 2 terms 2. Analysis: 250 words (a) Causes of the change in the respective topic; write all possible causes, whether mentioned in the article or not. (b) Address the problem. (c) Make a suitable diagram of the problem. (d)